Episode 43: Kelly Krueger- Senior Consultant, Benetrends Financial

Kelly Krueger, Senior Consultant at Benetrends Financial, joins the Franchise QB Podcast to discuss franchise funding options. TakeawaysWorking with a company like Benetrends Financial provides access to a network of banks proficient in franchising, ensuring a smoother funding process.The Rollover for Business Startup (ROBS) allows individuals to use their pre-tax retirement funds to invest in their own business without incurring taxes and penalties.SBA loans are a popular funding option for franchisees, and it's important to have a solid credit score and liquidity to qualify.Educating oneself about funding options early in the franchise ownership process helps determine realistic investment capacity and saves time.Using retirement funds for business investment can be a viable option, especially when combined with other funding sources.The economic climate has led to a shift in funding trends, with more people opting for ROBS and looking for funding options with the smallest cost of capital.Chapters00:00 Introduction02:28 Exploring Benetrends Financial and Their Network of Banks07:51 Understanding the Rollover for Business Startup (ROBS)10:39 SBA Loans: A Popular Funding Option for Franchisees17:33 The Importance of Early Education on Funding Options21:00 Using Retirement Funds for Business Investment25:42 Combining Funding Options for Maximum Borrowing Capacity27:30 Conclusion and Call to Actionwww.benetrends.com Free Resource for Franchise QB Listeners:The Franchise QB Playbook will guide you through the process of finding your perfect franchise fit.  Free Franchise Doc:  👉https://www.franchiseqb.com/playbook#franchiseownership  #FranchiseOpportunities #OwnABusiness #FranchiseSuccess #FranchiseQBContact me and my team with any questions along the way.  www.calendly.com/franchiseguyMike Halpern, [email protected]